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fomenos
2 years ago
10

Hooper Printing, Inc. has a bond issue outstanding with 14 years left to maturity. The bond issue has a 7% annual coupon rate an

d a par value of $1,000, but due to changes in interest rates, each bond's value has fallen to $749.04. The capital gains yield earned by investors over the last year was 25.10%. What is the expected current yield for the next year on this bond issue
Business
1 answer:
lord [1]2 years ago
6 0

Answer:

9.35%

Explanation:

Annual coupon amount = Coupon rate × Fave value of bond = 7% × 1,000 = $70.

Expected current yield = Annual coupon amount ÷ Current market price per bond = $70 ÷ $749.04 = 0.0935, or 9.35%.

Therefore, the expected current yield for the next year on this bond issue is 9.35%.

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Identify which of the following is not generally a right of common stockholders. Vote at stockholders' meetings Manage operation
zlopas [31]

Answer:

The correct answer is the option: Manage operations.

Explanation:

First of all, <em>stockholders</em> is the name that the individuals or institutions receives due to the fact that they are <em>the ones that legally owns one or more than one share of stock from a company</em>. Secondly, it is understandable that the stockholders have rights in the company because they own a part of it. In addition to that, those rights comprehends a great quantity of functions such as voting power in the meetings; sell their shares; purchase new shares; transer their share; dividends and much more. However, <em>stockholders can not manage the operations of the company</em>, despict the fact that they do can control such operations, but not manage them. <u>It is not in their rights to deliver daily tasks and say what to do every time, in other words, managing</u>.  

3 0
2 years ago
Exercise 8-5A Determining flexible budget variances LO 8-4 Benson Manufacturing Company established the following standard price
leva [86]

Answer:

A. $720 Unfavorable

B. $840 Unfavorable

C. $1,560 Unfavorable

D. $800 Favorable

E. $30 Unfavorable

F. $790 Unfavorable

Explanation:

The computation of given question is shown below:-

A. Sales = (Budget quantity - Actual quantity) × Budgeted sale price

= ($8.10 - $7.80) × 2,400

= $0.3 × 2,400

= $720 Unfavorable

B. Variable manufacturing = (Actual variable cost - Budgeted variable manufacturing cost) × Budgeted sale price

= ($4.25 - $3.90) × 2,400

= $0.35 × 2,400

= $840 Unfavorable

C. Contribution margin = ((Budgeted sales price - Budgeted variable manufacturing cost) - (Actual sale price - Actual variable cost)) × Budgeted sale price

= (($8.10 - $3.90) - ($7.80 - $4.25)) × 2,400

= $0.65 × 2,400

= $1,560 Unfavorable

D. Fixed manufacturing = Actual fixed manufacturing cost - Budgeted  Fixed manufacturing cost

= $1,300 - $2,100

= $800 Favorable

E. Fixed selling and admin cost = Actual selling and administrative costs - Budgeted fixed selling and administrative cost

= $530 - $500

= $30 Unfavorable

F. Net income (loss) = Contribution margin - Fixed manufacturing + Fixed selling and admin cost

= $1,560 - $800 + $30

= $790 Unfavorable

8 0
3 years ago
Paul is an HR manager who wants to motivate his employees using the job characteristics theory to guide his efforts.
marissa [1.9K]

One step Paul should take is to redesign jobs to be high on skill, variety, and autonomy.

Explanation:

The nature of workers has an influence on productivity, success and job satisfaction. This acted as a management tool to define the effect on the outcome of the task on certain employment characteristics.

In a much more personal way, it examines the various factors which make the organization and the individual doing the job satisfactory.

Therefore, the relationship between job features and individual responses to work or the job that is done is described.

The central element of the workplace characteristics model involves constructing (or redesigning) the job in a way that ideally and in relation to the psychological status of the employee or the worker, and thus contributing to positive and desirable outcomes or performance.

4 0
3 years ago
According to our records, the account "2UgLy" was removed for breaking many of our guidelines. This includes posting spam/unhelp
BigorU [14]

Answer:

BTW almost everyone ch.ats in the comments, and some people also plagiarize not just that person FYI

8 0
2 years ago
On January 1, 2021, Laramie Inc. acquired land for $9.6 million. Laramie paid $2.9 in cash and signed a 6% note requiring the co
Alexxandr [17]

Answer:

$9.6 million

Explanation:

The amount Laramie would record in its books of account in respect of the land acquisition cost is the sum of the cash paid now and the notes payable .

That effectively gives acquisition cost of $9.6 million ($2.9 million+$6.7 million).

The interest payable on the notes payable of $6.7 million would be treated as expense in the income statement of years 2021 and 2022 respectively without being added to the acquisition cost since it is a revenue expense and should not be capitalized.

6 0
3 years ago
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